Cerity Partners Foundation
- Assets
- $39.3m
- Revenue
- $16.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Novato, CA
- Founding
- 12/2005
- Data as of
- 06/2022
- EIN
- 51-0515757
Organization Overview
Cerity Partners Foundation is located in Novato, CA. The organization was established in 2005. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cerity Partners Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Cerity Partners Foundation generated $16.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $12.4m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Cerity Partners Foundation has awarded 581 individual grants totaling $19,414,720. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CHARITABLE GRANT MAKING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE FISCAL YEAR ENDING JUNE 30, 2022, THE FOUNDATION AWARDED 610 GRANTS FOR $12,072,798.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Peters President & CEO (through 09/21) | Officer | 0.5 | $0 |
Sa Hartman CFO | Officer | 0.5 | $0 |
Vikki Garrod Member | Trustee | 0.1 | $0 |
Rhea Suh President & CEO | Officer | 0.5 | $0 |
Ashley Smith Secretary | Officer | 0.1 | $0 |
Aaron Waxman Board Chair | OfficerTrustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $10,009,449 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,722,027 |
| Noncash contributions included in lines 1a–1f | $3,322,027 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,731,476 |
| Total Program Service Revenue | $0 |
| Investment income | $1,092,129 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $790,594 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,614,199 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,072,798 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $100,244 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $195,594 |
| Total functional expenses | $12,368,636 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,293,965 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $37,022,342 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $39,316,307 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $4,591,551 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,591,551 |
| Net assets without donor restrictions | $34,724,756 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $39,316,307 |
Grants Awarded
Over the last fiscal year, Cerity Partners Foundation has awarded $7,025,426 in support to 121 organizations.
| Grant Recipient | Amount |
|---|---|
10000 DEGREES PURPOSE: PROVIDE GENERAL OPERATING SUPPORT | $27,750 |
ADIRONDACK ARCHITECTURAL HERITAGE PURPOSE: PROVIDE GENERAL OPERATING SUPPORT | $10,000 |
ADIRONDACK COUNCIL INC PURPOSE: PROVIDE GENERAL OPERATING SUPPORT | $10,000 |
ALAMEDA COUNTY COMMUNITY FOOD BANK PURPOSE: PROVIDE GENERAL OPERATING SUPPORT | $7,000 |
ALDER GRADUATE SCHOOL OF EDUCATION PURPOSE: SCHOLARSHIP SUPPORT | $100,000 |
AMERICAN CIVIL LIBERTIES UNION&R&&N&FOUNDATION OF NORTHERN CALIFORNIA PURPOSE: PROVIDE GENERAL OPERATING SUPPORT | $6,000 |